On January 31, 2025, Finance Minister Dominic LeBlanc announced a delay in increasing the capital gains inclusion rate. Originally set for June 25, 2024, the change will now take effect on January 1, 2026.
This rate determines the taxable portion of capital gains. Under the new plan, it will increase from 50% to 66.67% for annual gains over $250,000 for individuals, and for all gains by corporations and most trusts.
Originally Published by Crowe Mackay, on 4 February 2025
This rate determines the taxable portion of capital gains. Under the new plan, it will increase from 50% to 66.67% for annual gains over $250,000 for individuals, and for all gains by corporations and most trusts.
Originally Published by Crowe Mackay, on 4 February 2025
